1300 731 632

Make a difference with your shares...donate now

Wesfarmers' Coles Group Demerger

Wesfarmers and ShareGift Australia are proud to offer a charitable giving option as part of the scheme of arrangement for the demerger of Coles.





How does it work?

If the demerger proceeds and subject to necessary approvals, an eligible shareholder will be entitled to one Coles share for every Wesfarmers share held at the record date. 

The charitable facility offered under this arrangement offers eligible shareholders of 160 Wesfarmers shares or fewer the option to sell the Coles shares they would otherwise be entitled to receive through a Coles sales facility, free of any brokerage costs or stamp duty, and donate the proceeds to ShareGift. ShareGift will issue tax receipts to participating shareholders on confirmation of funds received.

The aggregated sale proceeds donated to ShareGift under this arrangement will be distributed to eligible Australian charities, following the completion of the demerger.

Wesfamers and Coles have nominated the charities, SecondBite and RedKite to ShareGift.

How do I participate?

Full details of the Coles sale facility are included in the scheme booklet sent to all Wesfarmers shareholders. 

Eligible Wesfarmers shareholders may elect to participate in the sale facility with Option B: "Sell and Donate proceeds to ShareGift" via:

  • completing the Sale Facility Form sent with the scheme booklet as directed, or
  • the online sale facility available from 5:00pm (AWST) Friday 12 October 2018 at www.colessalefacility.com.au.

The sale facility forms need to be received by the Wesfarmers share registry by 2:00pm AWST/ 5:00pm AEST on Tuesday 20 November 2018, as per the Scheme Booklet.

Investor information


For investor information regarding Wesfarmers' proposed demerger of Coles, please:

Media information


For media information regarding the ShareGift sale facility in Wesfarmers' demerger of Coles, please refer here.

To read Coles demerger supporting corporate philanthropy in the November edition of ASX's Investment and Finance newsletter, please click here.

 





How will it work?
How will it work?